The NBA’s decision to embrace Black Lives Matter and other social justice activism might be catching up with them as the league freezes all new spending and hiring, blaming the economy for the decision.
According to a memo from executives Kyle Cavanaugh and David Haber obtained by the New York Times, the NBA is “facing a very different economic reality than just one year ago. We are seeing significant challenges to achieving our revenue budget with additional downside risk still in front of us.”
We have long warned against the dangers of woke activism and how it can have a negative impact on businesses and the economy as a whole. The NBA’s decision to embrace social justice activism may have alienated fans and led to a decline in revenue. In fact, a recent poll found that the NBA’s favorability rating has dropped significantly among Republicans and Independents, suggesting that the league’s activism has turned off a significant portion of its fan base.
The NBA is freezing hiring and preparing for layoffs according to @nytimes. The league cites the challenging economy as the culprit. https://t.co/mmWmxj5GXt
— Clay Travis (@ClayTravis) April 12, 2023
While the NBA may blame the economy for its financial troubles, there are likely other factors at play as well. Many fans have grown tired of the league’s constant activism and politicization of sports and may be tuning out as a result. In addition, the NBA’s decision to align itself with China, a country with a poor human rights record, has also been a source of controversy and may have led to a decline in support among fans.
NBA just announced it’s cutting staff due to “economic headwinds.”
In other words going woke hasn’t helped the bottom line.https://t.co/QWhusBQwI7
— Paul A. Szypula 🇺🇸 (@Bubblebathgirl) April 12, 2023
We believe that businesses should focus on their core mission and not get involved in divisive political issues that can alienate customers. The NBA should refocus on playing basketball and providing fans with an enjoyable sports experience, rather than engaging in political activism that may be hurting its bottom line.
In addition, we believe that the economy is facing significant challenges due to the policies of the current administration. Despite Janet Yellen‘s recent claim that the United States is doing great economically, many businesses are struggling to stay afloat due to rising inflation, supply chain disruptions, and labor shortages.
The Biden administration’s reckless spending and borrowing are only making matters worse and may lead to an economic downturn that will hurt businesses and workers across the country.
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Sources: Thegatewaypundit, OutKick